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Get the free Licensed Street Contractor Bond Form - City of Cincinnati

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Page 1 of 2 Division of Engineering RightofWay (ROW) Management 801 Plum Street, Suite 450 Cincinnati, OH 45202 5133523463LICENSED STREET CONTRACTOR BOND Former Office Use Only: Contractors License
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How to fill out licensed street contractor bond

01
Contact a surety bond company to determine the specific requirements for the licensed street contractor bond in your jurisdiction.
02
Gather the necessary documentation, such as business license, financial statements, and proof of insurance.
03
Complete the bond application provided by the surety bond company.
04
Submit the application along with the required documentation.
05
Pay the bond premium, which is typically a percentage of the total bond amount.
06
Await approval from the surety bond company.
07
Once approved, sign the bond agreement and receive the licensed street contractor bond.

Who needs licensed street contractor bond?

01
Licensed street contractors are typically required to obtain a licensed street contractor bond.
02
This bond serves as a guarantee that the contractor will comply with all applicable laws, regulations, and contractual obligations.
03
Government agencies or private entities that hire street contractors may require this bond as a condition of doing business.
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Licensed street contractor bond is a type of surety bond required for contractors who work on public streets to ensure that they will fulfill their obligations.
Contractors who work on public streets are required to file licensed street contractor bond.
To fill out licensed street contractor bond, contractors must provide their personal and business information, as well as financial statements.
The purpose of licensed street contractor bond is to protect the public from financial loss in case the contractor fails to complete the project.
Licensed street contractor bond must include the contractor's name, contact information, bonding company, and bond amount.
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